How to Lend Moonbeam (GLMR) in Portugal

Introduction

Lending Moonbeam can be an excellent choice for those looking to hold GLMR while generating yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. 1. Acquire Moonbeam (GLMR) Tokens in Portugal

   To lend Moonbeam in Portugal, you first need to possess it. To acquire Moonbeam, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.

   Plataforma	Moeda	Price in Portugal
   Binance	Moonbeam (GLMR)	0,04
   BTSE	Moonbeam (GLMR)	0,04
   Kraken	Moonbeam (GLMR)	0,04
   OKX	Moonbeam (GLMR)	0,09
   Uphold	Moonbeam (GLMR)	0,08
   BingX	Moonbeam (GLMR)	0,04

   View all 39 prices

2. 2. Select a Moonbeam Lender in Portugal

   Once you have GLMR, you'll need to select a Moonbeam lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.

   Plataforma	Moeda	APY
   Kucoin	Moonbeam (GLMR)	Up to 0,5% APY in Portugal

3. 3. Lend Your Moonbeam in Portugal

   Once you've selected a platform to lend your Moonbeam, transfer your Moonbeam into your wallet on the lending platform. After it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximise your returns in the Portuguese market.

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks